Copper on MCX settled down -0.17% at 332.60 traded in the range as the U.S. markets where closed on Monday for the Independence Day holiday. Support seen in copper prices Monday's earlier session with the market climbing to a two-month top on expectations of stimulus measures in top consumer China. 

Three-month copper on the London Metal Exchange gained 0.7 % to 4,943.50 a tonne after climbing earlier in the session to $4,960 a tonne, highest since May 3. Support also seen after the update that growth in China's manufacturing sector stalled in June, an official survey showed on Friday, adding to expectations that Beijing will have to roll out more stimulus soon to boost the sluggish economy. 

A weaker dollar makes dollar-priced metals cheaper for non-U.S. investors. Technically market is under fresh selling as market has witnessed gain in open interest by 12.82% to settled at 15803 while prices down -0.55 rupee, now Copper is getting support at 330.5 and below same could see a test of 328.4 level, And resistance is now likely to be seen at 335.9, a move above could see prices testing 339.2. 

                                  Trading Ideas

• Copper trading range for the day is 328.4-339.2.           
  

• Copper prices dipped after rallying earlier in the session on hopes for China taking more action to stimulate its economy and on a weaker dollar outlook.